Global Laser Trackers Market Trajectory & Analytics 2020-2027: Focus on Quality Control & Inspection Propels Growth – ResearchAndMarkets.com
DUBLIN–(BUSINESS WIRE)–The “Laser Trackers – Global Market Trajectory & Analytics” report has been added to ResearchAndMarkets.com’s offering.
Accuracy & Precision are Vital in Modern Manufacturing. Enabling Large Scale Metrology, Laser Trackers Are Poised to Reach US$ 500.4 Million.
The global market for Laser Trackers is projected to reach US$ 500.4 Million by the year 2027, trailing a post COVID-19 CAGR of 10.5% over the analysis period 2020 through 2027.
Laser trackers are optical target tracker based large object measuring devices that function using a laser beam and a retro reflector. Their highly precise position and angle tracking capabilities over large distances ensure accurate alignment of up to 0.025 mm. The laser sent out by the device is tracked remotely through laser reflection from the retro reflector along a moving target, usually a spherical object, across a predetermined path unto the object to be measured. Co-ordinates taken at various select points are fed into plotting software that calculates exact position and positional deviation.
The metrics are further attuned to determine final result. The high specificity and dynamic accuracy of laser trackers, coupled with technological advancements and added dimensional capabilities have made laser trackers irreplaceable in large manufacturing operations and complex assembly lines, especially in scientific and aircraft manufacturing, for real time remote robotic position and alignment guidance and inline inspection.
A laser tracker uses distance-measuring technology and encoders to track and specify a target’s location in 3-D space. Laser tracker operators must understand their trackers fully to avoid errors when measuring and derive the most benefits out of them. The laser trackers are primarily used for quality control & inspection, alignment, calibration and reverse engineering; whereas aerospace & defense, automotive, energy & power, architecture & construction constitute their major end-use sectors.
Select Competitors (Total 30 Featured):
- Automated Precision, Inc.
- Brunson Instrument Company
- FARO Technologies, Inc.
- Hexagon AB
- Hubbs Machine and Manufacturing Inc.
- Nikon Metrology Inc.
- On-Trak Photonics Inc.
- PLX Inc.
- SGS S.A.
- Variation Reduction Solutions, Inc.
- VMT GmbH Gesellschaft fur Vermessungstechnik
Key Topics Covered:
I. METHODOLOGY
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
- COVID-19 Leaves the World in Shambles & Industries and Markets Upended Including Laser Trackers
- Virus Induced Pandemic Led Macroeconomic Variables Deterioration and Subdued Industrial Activity Bring Grim News for Laser Trackers
- An Introduction to Laser Technology and Laser Trackers
- Laser Trackers: Advantages and Applications
- Laser Tracker Types and Accessories
- Automation of Robots: A Key Area of Innovation
- Laser Trackers Market: An Overview and Outlook
- Application Market Analysis
- End-Use Market Analysis
- Regional Analysis: Europe Garners a Larger Market Pie
- Competitive Scenario
- Recent Market Activity
- Select Global Brands
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
- Focus on Quality Control & Inspection Propels Growth
- Importance in Precision Parts Manufacturing
- Shift Towards Industry 4.0 Augurs Well
- Benefits such as High Accuracy, Precision, and Portability Make Laser Trackers a Vital Component in Various Applications
- Laser Trackers: A Boon for Businesses
- Growing Distance Measurement Technology Advancements and Processing Speed Improvements Drive Demand for Laser Trackers
- Aerospace & Defense: Major End-Use Sector
- Need for Laser Trackers in Condition Monitoring and Extrusion Press Alignment in Automotive Manufacturing Drives Demand
- Automation Drive in Automotive Industry Bodes Well
- Expanding IoT Ecosystem to Provide Steady Demand Prospects
- Land Surveying: Emerging Application
- Opportunities in Renewable Energy Sector
- Innovations and Advancements
- Absolute Tracker Systems: Laser Tracker Technology Development
- Modern Technological Approaches Complement Traditional Methods of Extrusion Press Alignment
- Avoiding Built-in Compensation Routines
- Laser Trackers Market: Major Challenges
4. GLOBAL MARKET PERSPECTIVE
III. MARKET ANALYSIS
- GEOGRAPHIC MARKET ANALYSIS
IV. COMPETITION
- Total Companies Profiled: 62
For more information about this report visit https://www.researchandmarkets.com/r/ngvtr8
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